Royce & Associates LP Has $10.12 Million Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Royce & Associates LP cut its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,066 shares of the construction company's stock after selling 6,602 shares during the period. Royce & Associates LP owned about 0.20% of Sterling Infrastructure worth $10,118,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kovack Advisors Inc. increased its holdings in Sterling Infrastructure by 3.2% in the 4th quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company's stock valued at $491,000 after buying an additional 91 shares during the period. Willis Investment Counsel increased its stake in Sterling Infrastructure by 1.4% in the fourth quarter. Willis Investment Counsel now owns 7,535 shares of the construction company's stock valued at $1,269,000 after acquiring an additional 101 shares during the period. PNC Financial Services Group Inc. increased its stake in Sterling Infrastructure by 7.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,980 shares of the construction company's stock valued at $334,000 after acquiring an additional 137 shares during the period. Quarry LP raised its position in Sterling Infrastructure by 510.7% in the third quarter. Quarry LP now owns 171 shares of the construction company's stock worth $25,000 after purchasing an additional 143 shares in the last quarter. Finally, Aprio Wealth Management LLC lifted its stake in Sterling Infrastructure by 5.4% during the fourth quarter. Aprio Wealth Management LLC now owns 3,161 shares of the construction company's stock worth $532,000 after purchasing an additional 161 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

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Sterling Infrastructure Price Performance

Shares of NASDAQ STRL traded up $0.70 during mid-day trading on Friday, hitting $126.63. 837,743 shares of the stock were exchanged, compared to its average volume of 394,165. The company has a market cap of $3.88 billion, a P/E ratio of 21.39, a PEG ratio of 1.28 and a beta of 1.32. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07. The stock's fifty day simple moving average is $140.79 and its two-hundred day simple moving average is $155.32.

Analysts Set New Price Targets

STRL has been the topic of several analyst reports. StockNews.com upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research report on Thursday, February 27th. Finally, William Blair began coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating for the company.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.